Financing Renewable Energy in Developing Countries
Mechanisms and Responsibilities - Working Paper #264
This working paper was co-authored by IPD's Stephany Griffith-Jones and Jose Antonio Ocampo, along with Dr. Stephen Spratt from the Institute of Development Studies. This paper reviews the instruments currently in use to finance renewable energy in developing countries, and considers those that have been proposed but not yet fully employed. It served as a background paper to the European Report on Development 2011/2012: Confronting scarcity: Managing water, energy and land for inclusive and sustainable growth. The European Report on Development was prepared by the Overseas Development Institute (ODI) in partnership with the Deutsches Institut für Entwicklungspolitik (DIE) and the European Centre for Development Policy Management (ECDPM).
About the Authors
Financial Markets Program Director
Initiative for Policy Dialogue (IPD)
Stephany Griffith-Jones is an economist specialising in international finance and development, with emphasis on reform of the international and national financial system, especially in relation to financial regulation and global governance. She is Financial Markets Director at the Initiative for Policy Dialogue, Columbia University. Previously she was Professorial Fellow at the Institute of Development Studies at Sussex University. She was Director of International Finance at the Commonwealth Secretariat and worked at UN DESA and ECLAC. She was senior consultant to governments in Eastern Europe, Latin America and Africa and many international agencies, including the World Bank, the IADB, the European Commission, UNDP and UNCTAD. She was a member of the Warwick Commission on financial regulation. She currently is theme leader on finance in the ESRC /DFID growth programme for LICs, especially African ones. She has published over 20 books and many scholarly and journalistic articles. Her books include Time for the Visible Hand, Lessons from the 2008 crisis, edited jointly with José Antonio Ocampo and Joseph Stiglitz.
José Antonio Ocampo
Initiative for Policy Dialogue (IPD)
Jose Antonio Ocampo is Co-President of IPD, Professor of Professional Practice in the School of International and Public Affairs, and Fellow of the Committee on Global Thought at Columbia University. Prior to his appointment at Columbia, Professor Ocampo served as the United Nations Under-Secretary-General for Economic and Social Affairs, and head of UN Department of Economic and Social Affairs (DESA), as Executive Secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC), and has held a number of high-level posts in the Government of Colombia, including Minister of Finance and Public Credit, Director of the National Planning Department, and Minister of Agriculture . Professor Ocampo is author or editor of over 30 books and has published over 200 scholarly articles on macroeconomic theory and policy, international financial issues, economic development, international trade, and Colombian and Latin American economic history.
Institute of Development Studies
Dr Stephen Spratt's research interests relate to development finance, financial sector reform and regulation, socially responsible investment (SRI), the emerging climate change financing architecture and the intersection between these issues. Professionally, he has been Head of the Sustainable Markets Group at IIED, Research Director at the New Economics Foundation and a Lecturer in international finance and development at the University of Reading. He has also worked in the private sector in the City of London, as Head of Research at Intelligence Capital Limited, Senior Investment analyst with Global Asset Management Limited and a Visiting Fellow in the Global Research Department at State Street Bank & Trust.
Stephen holds a BA from the University of East Anglia, an MSc from the School of Oriental and African Studies (SOAS), University of London, and a DPhil from the Institute of Development Studies, University of Sussex.